Monthly Archives: May 2021

9:15 am GKX stalled at the mid-Cycle support at 442.41 yesterday, suggesting a bounce may be imminent.  That suggests the correction may be an expanded formation, allowing GKX to move even higher.  The Cycles Model shows an unusual strength in … Continue reading →

11:38 am Food prices are taking a breather that may last through early June, per the Cycles Model.  The downside target is near the 50-day Moving Average at 410.00.  Crops and livestock are being affected by the soggy southeast and … Continue reading →

4:00 pm The VIX has pushed through its declining Wedge trendline and may have reached a point of recognition by those buying “protection.”  This breakout holds a promise for more rally to come.   3:55 pm NDX is also approaching … Continue reading →

12:15 pm I was dubious about the NDX filling the gap this morning.  However, it managed to bounce back to the 50-day Moving Average as resistance, just a dozen points short of yesterday’s close at 13359.40.  The selling pressure may … Continue reading →

10:15 am The Dow Jones Industrials Exceeded 35000.00 and may briefly touch the Fibonacci 3.25 X Wave [1] at 35152.00 today.  It is also up against the 1987 trendline that has defined tops and bottoms for the past 33.54 years.  … Continue reading →

12:02 pm While the DJIA and SPX have gone on to make new all-time highs, the NDX appears to have completed a nearly exact 61.8% retracement of its decline.  It’s time to step back and see what happens here. On … Continue reading →

1:15 pm Certain dealers and hedge funds are using their past experience to predict a possible short squeeze imminently.  NDX has been battling at mid-Cycle resistance at 13560.00 this morning and its Wave structure may not be complete.  Two possible … Continue reading →

8:00 am Good Morning! NDX futures climbed to a morning high of 13627.00, above the mid-Cycle resistance at 13533.94, an approximate 34% retracement.  The futures page contains some inaccuracies that lead me to take that information with a grain of … Continue reading →

1:56pm NDX bounced just above its 50-day Moving Average and shows no intention of taking back its losses.  Based on the Chart Model, NDX is likely to retest the mid-Cycle resistance at 13531.05 before going lower.  A decline beneath the … Continue reading →

7:30 am Good Morning! While the SPX and NDX appear weaker, SPX has  not declined beneath Short-term support to establish a bearish pattern.  The DJIA has been riding the up-sloping Short-term support while the upper probes have been declining to … Continue reading →